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TheDumbMoney (62.60)

March 2012

Recs

10

DEATHwatch List

March 29, 2012 – Comments (5) | RELATED TICKERS: RSH , BBRY , BBY

Famously (in my own mind) I declared RIMM a deadman walking in June 2011.  See here.    [more]

Recs

15

Not Buying

March 28, 2012 – Comments (4) | RELATED TICKERS: SPY

I haven't made a major new stock purchase in over two months, as is reflected in my CAPS picks, which all reflect real life money and are my only stock holdings.  I am generally not happy when people are as happy as they have been over the last two months.  In fact, I sold the last of my MSFT LEAPS when the stock crossed thirty, and I sold one of my BAC 2013 $10 LEAPS when that stock hit $10.    [more]

Recs

2

Berkshire's Warrants on Bank of America

March 16, 2012 – Comments (2) | RELATED TICKERS: BAC , BRK-B

So for anyone keeping score, Buffett's/Berkshire's warrants on BofA are worth a shade under $2 billion (pure profit), as of what BofA is trading at, at this moment. 

....and Berkshire has another 9&1/2 years in which to excercise them.

Ouch.

DTAF

Recs

5

I'm on Twitter and Tumblr

March 16, 2012 – Comments (4) | RELATED TICKERS: SPY

Hey folks, I have decided to get serious about a little blogging of my own.  I'll continue blogging here.  But I have created new Twitter and Tumblr accounts.  [more]

Recs

12

PM versus Gold? Phillip Morris is Winning

March 12, 2012 – Comments (4) | RELATED TICKERS: PM , GLD , SLV

At various times I and the proponents of gold have debated the merits of holding PM, which does all of its business in non-U.S. currencies but reports earnings in dollars (and does some hedging), versus gold.  This is a continuing story.  I post in the full knowledge that after some reversal in 2012 or 2013 I'll get slapped around by frankydontfailme or someone.    [more]

Recs

7

Holy Patoley First Solar Got Hammered

March 07, 2012 – Comments (2) | RELATED TICKERS: FSLR

Hadn't really paid attention to my watchlist for awhile.  My God FSLR has been hammered in the last few months!  I was never keen on the company and did not own it because of the dependence upon European government subsidies, and because its panels have certain disadvantages over Chinese and Korean-made panels. But I thought it was a decent company.  Now it is not quite at NetNet territory, but the stock now trades for less than the value of its current assets.  Yowzers.  Priced for at least a couple of years more of outright, precipitous decline.  I don't have a conclusion here, I just distinctly remember getting a bit excited when it hit $75 or so, and then looking it up and reading more about the subsidies and thinking, nah.  Boy I'm glad I did.  [more]

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